Altria Group (MO) has been shifting focus to e-cigs and other products, offering an 8.99% annual dividend yield. With Trump pressuring the Federal Reserve for rate cuts, MO stock’s high yield is attractive. Options traders are engaging in yield-protecting strategies, with $60 strike calls indicating a plausible target. Implied volatility stats suggest $60 is a possibility.

Analyzing options data for MO stock suggests a likely range of $57.65 to $58.30, with clustering around $58. Forward 10-week returns may range between $57 and $60.40, with clustering around $59. Speculators may consider a 57.50/60.00 bull call spread for a high-risk wager, aiming for $60 strike price at expiration.

The breakeven price for the bull call spread is $58.66, well within projected likely outcomes. Although $60 price hasn’t been reached in the dataset, unusual options activity hints at its possibility. Speculators may find an intriguing opportunity in targeting $60 strike with psychological reflexiveness.

Read more at Barchart: Altria’s (MO) Unusual Options Activity Just Tipped Its Hand to a Hidden Multi-Dimensional Opportunity